Coinbase: Will charge fees for USDC to USD transactions over $75 million

ChainCatcher news, Coinbase stated that when institutional clients exchange a net amount of USDC for USD exceeding $75 million within 30 days, a conversion fee will be required.

Among them, transactions between $75 million and $150 million will incur a fee of 0.1%; transactions between $150 million and $500 million will incur a fee of 0.15%; exchanges exceeding $500 million will incur a fee of 0.2%.

Coinbase further stated that Coinbase Prime clients holding assets over $500 million on the platform or maintaining an average of $100 million in USD/USDC per month will be exempt from conversion fees.